KGEMM Simulations

Fakhri J. Hasanov, Fred Joutz, Jeyhun I. Mikayilov and Muhammad Javid
Additional contact information
Fakhri J. Hasanov: King Abdullah Petroleum Studies and Research Center
Jeyhun I. Mikayilov: King Abdullah Petroleum Studies and Research Center

Chapter Chapter 8 in A Macroeconometric Model for Saudi Arabia, 2023, pp 85-97 from Springer

Abstract: Abstract As mentioned earlier, MEMs are evaluated and validated using in-sample and out-of-sample simulations, and policy analysis, among other validation methods. In this section, we run KGEMM for in-sample forecasting and out-of-sample policy analysis to evaluate its predictive ability. Hasanov and Joutz (2013) provide an overview of the literature that covers in-sample and out-of-sample forecasts and other methods for evaluating the predictive ability of MEMs. This includes Calzolari and Corsi (1977), Beenstock et al. (1986), Klein et al. (1999), Fair (1984, 1994, 2004), Bardsen and Nymoen (2008).

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-031-12275-0_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031122750

DOI: 10.1007/978-3-031-12275-0_8

Access Statistics for this chapter

More chapters in SpringerBriefs in Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().